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This doesn't work well for accounts with frequent activity, such as joint checking accounts.Not to be a bubble burster, but Quicken is personal finance software. IOW, intended to be used by an individual or household. Given all the important features that have been requested and the relative rare need for this, I don't see it getting implemented anytime soon. But who knows?
One possible workaround: split the account into two, record the assets/value in each at the appropriate ratio and include only your part via Net Worth Report customization. But it might be easier to just break out a calculator.
I concur with RickO on this one. A single Q data file is supposed to hold ONLY the financial info for a single tax entity.Not to be a bubble burster, but Quicken is personal finance software. IOW, intended to be used by an individual or household. Given all the important features that have been requested and the relative rare need for this, I don't see it getting implemented anytime soon. But who knows?
One possible workaround: split the account into two, record the assets/value in each at the appropriate ratio and include only your part via Net Worth Report customization. But it might be easier to just break out a calculator.
Excel. Even QB won't do what you're asking ... because it doesn't support investment accounts.OK, I was too quick when I specified assets and/or net worth. Tax projections would also use the multiplier, as would budgeting.
Simple use case: My children and I jointly own assets in an account. My share is 20%. Each of two children owns 40%. If I "Keep this account separate", then my assets are understated. If I don't, my assets are overstated. In other words, Quicken already supports something like this option but is limited to only two possible multipliers: 0% and 100%,
Another, similar use case: I beneficially own assets in a Investment Club. I can download transactions for the Investment Club as a whole. I want to include in my net wortyh, and such, only my share of the club's assets.
It doesn't seem like this would be difficult for you to implement.Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
I understand that this is not a high priority idea.Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
many Quicken users may be in Investment clubs or partnershipsThen they're using an inappropriate product. Q is intended for individuals and families ... AKA, a single Tax Entity.
I, at least, would like to track MY portion of joint investment accounts that I hold with family members. That's pretty close to being personal.Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
"You obviously haven't been a Quicken user for very long."Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
Yes, it is circular reasoning...Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
I don't see flaming, I see users expressing differing opinions. Quicken Inc will want to listen to and consider all the various viewpoints on posted suggestions when deciding which ideas to implement.So much flaming over a simple suggestion. It may or may not be worth implementing. Just posted it to put my wish on the list.
Arguing over things like the suitability of using Joint Accounts and split ownership) is totally irrelevant: they exist and are used for many reasons!
Arguing over what Quicken IS (or should be) is also irrelevant: that will be determined by Quicken, Inc.
Since 1991, I have used Quicken to track my personal finances. I agree with the desirability of the simple added Quicken feature that Mr. Gumpertz proposes. My son and I recently purchased a multifamily rental property, each contributing half to the purchase. I would like my Net Worth report to reflect 50% of the values of each of the three accounts I maintain in Quicken for this property: the Property itself (showing purchase price and accumulated appreciation); the Mortgage account (reflecting the initial mortgage balance and subsequent payoffs); and the Brokerage account (containing cash and working capital for the property).
I was planning to implement the report I want by exporting Quicken's Net Worth report to Excel and recalculating there. But I would love to see the capability built in to Quicken. It doesn't seem like this would be difficult for you to implement. For my use, the multipliers could be tied to the Net Worth report only. More uses for other cases could be added by making the multipliers be more global.
slim to noneI'm not sure that the odds are THAT high.
If that were done, I would need/want it for banking and investment accounts too. I suppose others might want it for loans and credit cards.Instead of a multiplier, maybe a better approach might be to allow asset and liability sub-accounts. (Like in quickbooks). Then balance sheet type of reports like net worth could be run that either include or exclude the various sub-accounts.
Sorry, I should have used quicken terms. Instead of quickbooks terms. That is I would think a meaningful start could be for checking accounts and asset accounts. Mortgages might be messy. Investment accounts holding securities would really be messy so that might be too much to ask for as well. Credit card accounts seem unnecessary in that presumably different owners would use different cards with separate accounts if the liability was in fact separate.Instead of a multiplier, maybe a better approach might be to allow asset and liability sub-accounts. (Like in quickbooks). Then balance sheet type of reports like net worth could be run that either include or exclude the various sub-accounts.
Given what you just said, a fractional ownership factor seems cleaner. than sub-accounts Has no affect on updates. Most importantly, the underlying transactions and balances are not affected.Instead of a multiplier, maybe a better approach might be to allow asset and liability sub-accounts. (Like in quickbooks). Then balance sheet type of reports like net worth could be run that either include or exclude the various sub-accounts.